UBS Sticks to Its Buy Rating for Deutsche Bank AG (DB)
In a report released today, Mate Nemes from UBS maintained a Buy rating on Deutsche Bank AG, with a price target of €37.00.
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Nemes covers the Financial sector, focusing on stocks such as Deutsche Bank AG, BAWAG Group AG , and OTP Bank Nyrt. According to TipRanks, Nemes has an average return of 34.3% and a 77.54% success rate on recommended stocks.
In addition to UBS, Deutsche Bank AG also received a Buy from J.P. Morgan’s Kian Abouhossein in a report issued yesterday. However, on the same day, Jefferies maintained a Hold rating on Deutsche Bank AG (NYSE: DB).
Based on Deutsche Bank AG’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €15.29 billion and a net profit of €2.12 billion. In comparison, last year the company earned a revenue of €16.37 billion and had a net profit of €1.97 billion
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DB in relation to earlier this year.
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